No. Please read this entire document on directives, which are a front-and-center feature of Angular: http://docs.angularjs.org/guide/directive. The transclusion snippet is pretty representative of this entire document.
Pity Google don't take the hint and make it more readable/understandable then.
It's really not so bad, I'm in no way an angular expert, but reading that passage (even out of context), is not beyond the realms of comprehension.
I think it says what it needs to say in the context of the surrounding information, no more, no less.